insaniac.co.uk

Blog

Your Daily Asia Gaming eBrief: Telangana rethink

Good Morning. India’s Telangana state government banned all five years ago, whether skill-based or not, in response to incidences of economic harm and gambling addiction. However, it’s now having a rethink. As the industry booms in the country, the state has realized that online gambling could be a source of taxation and jobs, and the ban has not been effective in stopping locals from tapping into offshore sites. Speaking at a recent AIGF forum, Telangana Principal Secretary for IT, electronics, and communications, Jayesh Ranjan, said he has draft regulation and he’s waiting for the opportune moment to introduce it to the cabinet.


What you need to know

  • Macau’s GGR is unlikely to return to pre-pandemic levels until 2027, estimates UBS, which has cut its revenue for this year by 29 percent. 
  • Steelman Partners says it’s seeing a boom in demand for architecture services in the gaming industry post-pandemic, although Asia is lagging in terms of recovery.
  • Philweb Corp. recorded a 22 percent fall in net profit in 1Q22, despite a strong uptick in revenues from its PIGO operations.

On the radar


Asia tourism authorities to struggle to fill China hole

Sharon Singleton


What the papers say

  • Melco Resorts’ Mocha Clubs may be impacted by Macau gaming amendments.
ASEAN Gaming Summit 2022

AGB Intelligence

DEEP DIVE

Telangana, online, gambling, decision to ban

Telangana rethinking online ban, has draft legislation

The state of Telangana may be having a change of heart on its decision to ban all forms of gambling, marking another key step towards regulating the already booming Indian market. Telangana, the twelfth most populous state in the country with about 35 million inhabitants, put a blanket ban on all in 2017 following reports of gambling addiction leading to suicides and bankrupting families. Five years on, Telegana has recognized that the blanket ban may not be effective, with players increasingly being targeted by illegal offshore sites over which the government has no control. It is also missing out on potential revenue from taxation.

Industry Updates

Asia Gaming Briefings - April 2022

MEMBERSHIP | MAGAZINE | ASEAN | CAREERS

Promo menarik Togel Singapore 2020 – 2021. Game oke punya lain-lain ada diamati dengan terstruktur via informasi yg kami lampirkan di laman tersebut, dan juga siap dichat terhadap layanan LiveChat pendukung kami yang tersedia 24 jam On the internet dapat mengservis segala kebutuhan para visitor. Mari cepetan join, & kenakan serta Kasino On-line terhebat yg wujud di laman kita.